Bingo. Same here. The recruitment tactics were shady as hell. They promised one thing and then after the loans are done, papers are signed, they
break the news that "You should really look into what we offer on our other campus two or three states over." Or "In your fourth quarter, you will
get an introductory course on that field of study. It's not good for credits or anything, but it will help you decide if you want to pursue that as a
career."

originally posted by: Sparkymedic
I can almost guarantee that this is the beginning of the end...of the market as we know it.

The student loan bubble, on top of the auto loan bubble and the fact that there are $500,000 homes for sale in LA's war zones, along with the
$1,000,000+ homes in San Francisco that are less than 1000sq/ft. That's just the half of it. Then take a look at Uber, yahoo, FB, Snapchat...all that
crap is supposed to be worth billions of dollars??? What a joke!

Buckle up...it's going to be a bumpy ride folks!

Uber and FB are definitely worth billions. One is data mining, the other completely revolutionized the taxi industry and created millions of jobs.
Yahoo is dying, no clue on Snapchat.

originally posted by: JIMC5499
All that I know is that over the years I have interviewed dozens
of ITT graduates and was not able to hire any of them.
...
One of my questions was "Where would you find information on a 6-32 thread?" ...

Back before the late 60's ITT didn't have it's greedy meat-
hooks in Allied yet. Allied Institute of Tech, south Michigan
in Chicago. It was about the same distance from Roosevelt Rd.
south as the 'Nostrils of the Dragon', Roosevelt U was north.

Probably one of the three best trade schools in the country--
until Conglomo came in and butchered the curriculum.. This
while jacking the tuition about 35%. I bought in anyway in '69.

Found out the hard way (after a quarter) I couldn't transfer
credits to a 'real' engineering school; but never regretted
the work. It made the math year of my formal apprenticeship
a breeze: and made me use all the f buttons on my INTERNAL
calculator.

In retrospect -- the instructors there were at least as compe-
tent as any I've conversed with anywhere : and the head
start on my real, lifelong engineering study was strong like bull.

Wonder what the tripe was they were shoving in the last five
years in Chi-town? I shudder to think where product quality
goes when the schools go first...

As much problems as that school had, it is not the fault of the school that people go to them when they are not accredited, you need to research that
on your own like my wife did for her masters.

People complaining about not having jobs after graduating.... There's a lot more to it than that let me assure you. For instance I know there was a
nursing program that was 18mo, sure you could cheat through school but if you didn't pass the test at the end that was like a state or federal test
you have a worthless degree... Guess what that's ANY school you go to. Are all situations like that, no.

The students you get are almost always all working full time jobs as well that are low paying... Most people I taught that you get a piece of paper
they give you a job. Tbh I thought the same thing when I went to my four year school.

Here's the problem--just like when we are growing up and relying on mommy and daddy to support us financially--if we need their money to live, we have
to do what they say concerning that money. I make my son save money, even though he doesn't want to, and sometimes that means that he can't do
something that he wants to do.

Obviously, this ITT debacle is a much more dramatic example, but the point is that if you accept money from daddy government, you suddenly have to
play by his rules. If a business does not want to be told what to do, then don't accept money from the government.

I understand the gov't-funded student loans--that's a gimme these days, but that apparently only accounted for about 60% of the $5b dollars that they
got from the government; it's that other $2b that, by accepting it, hands over control to daddy's directions.

originally posted by: greencmp
I imagine most people drop education from their CV once they have some real experience, particularly trade degrees.

The way it goes for my field, is you always leave education on, that way it gets past the HR filters that are just looking for a degree. After that
you talk about experience and what you know.

That makes sense, I gathered that my perspective is atypical.

Being that there aren't any valid degrees for software development, I never found it helpful to include it. Now that HR people are beginning to
understand that, they seem to have switched over to the certification circus.

Federal law gives the Education Department broad discretion to forgive student loans for borrowers who claim they were defrauded or that their
college violated state laws. The government on Thursday essentially made the case that ITT has done that, inviting former students to request what
could amount to hundreds of millions of dollars in loan forgiveness. The rule applies to all former students with federal loans, but does not cover
private loans.

Even more onerous, though, is a requirement that ITT must increase its reserves from $94.4 million to $247.3 million, or 40 percent of federal
student aid the company received in 2015. ITT has been ordered to provide a letter of credit for the beefed-up surety, which is meant to support
students in case the company closes, within 30 days.

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